NRBA Just got accepted but debating - is it worth the money?

[Teresa Slaughter, NRBA, CDPE]

Hi ReoPros,

I just got accepted into NRBA but it is pretty pricey at $1,990 per year, payable upfront the first year and then billable on monthly basis for the second year.

Anyone else out there join recently?  What have been the rewards?  I am just concerned that if they are opening it up to too many REO agents, the benefit will be diluted.

I am excited to join NRBA and have been waiting two years for the opportunity, so I will probably do it, but would really love to hear what you all have to say about it. 

 

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[CECILIA D FOX]

I'm surprised about the upfront payment.  It was always monthly "and you can quit any time".  I appreciated being NRBA from the very beginning but client attendance at the conference was way down in 2007 and the networking opportunities were greatly diminished by their absence.  I would still be a member but they kicked me out in 2007.  I heard from a long time client conference attendee from Wells Fargo/PMH that he heard several were kicked out at that time.  Ohio membership was way down until very recently so I guess they decided to open it up again. 

[Rose Mencia]

In the "Old" days.... if you told an asset manager you were NRBA, you got in..... it established you automatically as experienced and in the "Good Ole Boy" Network... but now..... most lenders are direct dipping into our pockets, willing realtors will pay for some certification every year, its more profitable for them.... the "GoodOle Boy" asset managers are gone.... or working in non-asset jobs.....

New Meat is required....................

Just my 2 cents......

[Teresa Slaughter, NRBA, CDPE]

I ended up joining and went to their conference last week. It was phenomenal! I am so very happy I joined and I know it can't help but boost my business, just from what I learned at the conference.
Anyone lucky enough to get accepted should join immediately and get involved in the organization.

[Gary Wilson]

The reason they are taking in new members is revenue. The NRBA is a privately owned corportation and just like any company, they are interested in income. The NRBA has roughly 1100 members that currently bring in about $2,200,000 annually. Pretty nice income stream for someone.

[Susan Cook, RDCPro, CDPE, SFR]

I decided not to after hearing all the reports of other agents waiting to get in and then BAMMM...they invite a bunch? Sounded fishy, still sounds fishy. I think their membership is down because of the downturn and they are looking for new meat (suckers). Just my 2 cents..but it saved me $1,990.

[Steve Adkins]

My question would be WHY? Why did they suddenly have a bunch of openings at this time (some will say the worst time in the REO market) when there have been people begging to get in for so long? Sounds to me that too many members were not getting the business they expected for the cost involved. I doubt they have expanded with everything going on right now.

[Alex Nova, A-REO, CDPE, RDCpro]

I just became a member the products section is worth more than the membership $.

[John A Walker]

do they guarantee listings?

[Kyle Whissel]

Nobody guarantees listings but they do provide great training and insanely good networking with the top agents in the country that if used effectively, will result in listings!